From Financial Modeling Prep.: 2025-05-02 05:16:00

American International Group (NYSE:AIG) reported better-than-expected first-quarter earnings, with adjusted earnings of $1.17 per share, surpassing analyst estimates of $0.99. Despite a drop in net income to $698 million, the insurer’s commercial insurance segment showed strong growth, offsetting losses from California wildfires. Total net premiums remained steady at $4.5 billion, but rose 8% on a comparable basis. AIG’s Global Commercial segment saw premiums increase by 10% to $3.2 billion, driven by growth in North America and internationally. The General Insurance segment reported a combined ratio of 95.8%, up from 89.8% due to $525 million in catastrophe-related losses, including $460 million from California wildfires in January.



Read more at Financial Modeling Prep.:: AIG Tops Q1 Earnings Forecast as Commercial Growth…